FAQ: A One-Time Cash Withdrawal From Non-Registered is Triggering Capital Gains

When making a Non-Registered investment withdrawal the platform assumes you’re maintaining your asset allocation, so it takes the withdrawal equally from cash/fixed-income/equity, so it would trigger a capital gain.

Since this is a one-time withdrawal, and not regular retirement withdrawals, it’s probably best to add the cash portion you intended to withdraw to the Non-Registered Checking/Savings account in Discovery > Assets (and then change your non-reg investment balance and ACB accordingly).

Then in Planning > Projections > Table you’ll plan a withdrawal from the Non-Reg Savings account using an override. Scroll to the right to find the Savings account, open the account using the “>” arrow. Then double click the $0 to add a -ve withdrawal override for the amount you plan to withdraw. The platform won’t calculate a capital gain on the Savings Account.